Home » Bitcoin Drops Back Down to $23K, Shiba Inu Soars Double Digits

Bitcoin Drops Back Down to $23K, Shiba Inu Soars Double Digits

by Hans Lipper

The cryptocurrency market has been quite volatile in the past few weeks, with Bitcoin (BTC) reaching a 5-month high after the US Federal Reserve announced its latest interest rate hike. Despite this, BTC has since calmed down to around $23,000 and has posted its best month since October 2021 with gains of roughly 40%. Altcoins have also seen some impressive gains in the past 24 hours, with Shiba Inu leading the charge with an 11% surge. Other altcoins such as OKB, Polygon, Ethereum, Binance Coin, Cardano, Dogecoin, Solana, Polkadot, Litecoin, and Avalanche have also seen slight gains. Ripple is one of the few exceptions, posting a 1% daily decline. The cumulative market cap of all crypto assets has also increased by around $10 billion in the past 24 hours and is now up to $1.080 trillion.

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